Asian stocks rally, Nikkei posts biggest gains since 2008

Source: Bloomberg
Equity markets in Asia soared on Wednesday, as investor confidence got a boost from the weaker Yen, as well from a rally in the US stocks, which helped to overcome the recent unease over China. The Shanghai Composite Index rose 2.32%, Hong Kong's Hang Seng jumped 3.56%, while South Korea's Kospi added 2.96%. In Japan, the Nikkei rocketed 7.71%, offsetting the recent sell-off amid worries over China's economic slowdown. 

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Wed, 09 Sep 2015 08:54:13 GMT

Aussie rises against Greenback on post RBA's Lowe

The Australian Dollar was traded higher versus its US counterpart on Wednesday, following a speech from the RBA's deputy Philip Lowe, who said that the current low interest rates and the weak Aussie correspond to Australia's economic conditions. The AUD/USD added 0.43% to $0.7046 by 07:51 AM GMT. However, some of the gains were capped by a weak consumer data

Tue, 08 Sep 2015 12:27:04 GMT

Euro area economic growth revised higher in Q2

The Euro zone economy grew more rapidly than previously estimated in the three months to June, as a pickup in exports offset a slowdown in household consumption and a decline in investment spending. The GDP was revised higher to 0.4% from 0.3% in the second quarter, while the estimate for the first three months of the year rose to 0.5%

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